Today, June 4, 2024, is the last day of trading with the warrants of series TO5 in Lumito AB (publ) (“Lumito” or the “Company”). The exercise period for the warrants runs up to and including June 10, 2024. Each warrant of series TO5 gives the owner the right to subscribe for one (1) new share in the Company for a subscription price of SEK 0.75 per share.
Summarised terms for the warrants of series TO5:
Exercise period: May 27, 2024 – June 10, 2024.
Subscription price: SEK 0.75 per share.
Issue volume: 34,406,248 warrants of series TO5 entitles to subscription of 34,406,248 shares. If all warrants are exercised the Company will receive approximately SEK 25.8 million before issuing costs.
Last day for trading with warrants: June 4, 2024.
Share capital and dilution: If all warrants of series TO5 are exercised the number of shares will increase with 34,406,248 shares from 206,437,488 shares to 240,843,736 shares and the share capital will increase with SEK 860,156.20, from SEK 5,160,937.20 to SEK 6,021,093.40, corresponding to a maximal dilution effect of 14.3 percent if the number of shares.
Note that the warrants that are not exercised at the latest June 10, 2024, or sold at the latest June 4, 2024, will expire without value. For the warrants of series TO5 not to lose their value, the holder must actively subscribe for new shares or sell the warrants. Please note that some nominees may close registration earlier than June 10, 2024.
Advisers
Mangold Fondkommission AB is financial adviser and Advokatfirman Lindahl KB is legal advisor to Lumito in connection with the exercise of the warrants of series TO5.
